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Mettler-Toledo International Inc (NYSE:MTD)
Shiller P/E Ratio
39.60 (As of Today)

As of today, Mettler-Toledo International Inc's current share price is $311.68. Mettler-Toledo International Inc's E10 for the quarter that ended in Sep. 2015 was $7.87. Mettler-Toledo International Inc's Shiller P/E Ratio for today is 39.60.

MTD' s Shiller P/E Ratio Range Over the Past 10 Years
Min: 14.97   Max: 45.73
Current: 39.59

14.97
45.73

During the past 13 years, Mettler-Toledo International Inc's highest Shiller P/E Ratio was 45.73. The lowest was 14.97. And the median was 36.56.

MTD's Shiller P/E Ratio is ranked lower than
65% of the 51 Companies
in the Global Medical Instruments & Supplies industry.

( Industry Median: 33.03 vs. MTD: 39.59 )

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller P/E calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years.

Mettler-Toledo International Inc's adjusted earnings per share data for the three months ended in Sep. 2015 was $3.160. Add all the adjusted EPS for the past 10 years together and divide 10 will get our E10, which is $7.87 for the trailing ten years ended in Sep. 2015.


Definition

For the Shiller P/E, the earnings of the past 10 years are inflation-adjusted and averaged. The result is used for P/E calculation. Since it looks at the average over the last 10 years, the Shiller P/E is also called PE10.

The Shiller P/E was first used by professor Robert Shiller to measure the valuation of the overall market. The same calculation is applied here to individual companies.

Mettler-Toledo International Inc's Shiller P/E Ratio for today is calculated as

Shiller P/E Ratio=Share Price/E10
=311.68/7.87
=39.60

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.

Mettler-Toledo International Inc's E10 for the fiscal year that ended in Dec14 is calculated as:

For example, Mettler-Toledo International Inc's adjusted earnings per share data for the three months ended in Sep. 2015 was:

Adj_EPS=Earnigns per Share/CPI of Sep. 2015 (Change)*Current CPI (Sep. 2015)
=3.16/237.945*237.945
=3.160

Current CPI (Sep. 2015) = 237.945.

Mettler-Toledo International Inc Quarterly Data

201306201309201312201403201406201409201412201503201506201509
per share eps 2.2402.4303.6231.9302.4902.8904.1722.1902.7303.160
CPI 233.504234.149233.049236.293238.343238.031234.812236.119238.638237.945
Adj_EPS 2.2832.4693.6991.9432.4862.8894.2282.2072.7223.160
201012201103201106201109201112201203201206201209201212201303
per share eps 2.4061.4101.8202.0902.9111.6201.9302.2803.3461.690
CPI 219.179223.467225.722226.889225.672229.392229.478231.407229.601232.773
Adj_EPS 2.6121.5011.9192.1923.0691.6802.0012.3443.4681.728
200806200809200812200903200906200909200912201003201006201009
per share eps 1.3801.5201.8421.0000.8101.2102.0091.1001.4901.820
CPI 218.815218.783210.228212.709215.693215.969215.949217.631217.965218.439
Adj_EPS 1.5011.6532.0851.1190.8941.3332.2141.2031.6271.983
200512200603200606200609200612200703200706200709200712200803
per share eps 1.0420.5700.8401.1601.3110.7801.0701.1601.7161.060
CPI 196.800199.800202.900202.900201.800205.352208.352208.490210.036213.528
Adj_EPS 1.2600.6790.9851.3601.5460.9041.2221.3241.9441.181

Add all the adjusted EPS together and divide 10 will get our E10.


Explanation

Compared with the regular P/E ratio, which works poorly for cyclical businesses, the Shiller P/E smoothed out the fluctuations of profit margins during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Shiller P/E should give similar results to regular P/E.

Compared with the P/S ratio, the Shiller P/E makes the comparison between different industries more meaningful.


Be Aware

The Shiller P/E assumes that over the long term, businesses and profitability revert to their means. If a company’s business model does not work in the future compared with the past, the Shiller P/E and P/S ratio will give false valuations.


Related Terms

P/E Ratio, P/B Ratio, P/S Ratio, Price-to-Free-Cash-Flow ratio, E10


Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.

Mettler-Toledo International Inc Annual Data

Dec05Dec06Dec07Dec08Dec09Dec10Dec11Dec12Dec13Dec14
ShillerPE 0.000.0043.9622.2130.2538.0631.4435.6538.7442.18

Mettler-Toledo International Inc Quarterly Data

Jun13Sep13Dec13Mar14Jun14Sep14Dec14Mar15Jun15Sep15
ShillerPE 34.6040.0838.7436.4537.7836.9942.1844.8244.7636.17
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